Personal Financial Planning, business and finance homework help

1.

Review the material in Chapter 1 on Personal Financial Planning.

  • Define the financial planning process
  • List the elements of a good financial plan.
  • Identify and discuss the three most important personal factors and the three most important economic factors that affect your financial planning decisions.

Prepare 3 paragraphs

2.

Complete the Assignment from, Personal Finance by Rachel Siegel and Carol Yacht (2009); Page 23. Exercise 2. See below:

Use the S.M.A.R.T. planning model and information in this section to
evaluate Alice’s goals (below).

a. pay off student loan
b. buy a house and save for children’s education
c. accumulate assets
d. retire
e. travel around the world in a sailboat.

Discuss your evaluations (p. 23).

Prepare a two page (double-spaced) essay. Cite references to material that you use in preparing the essay.

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